Japan’s PMI Services was finalized at 53.1 in October, slightly below September’s 53.3. PMI Composite edged up to 51.5 from 51.3 as strength in services offset continued weakness in manufacturing. According to Annabel Fiddes, Economics Read more…
Key Highlights GBP/USD started a major decline and traded below 1.3120. A key bearish trend line is forming with resistance at 1.3080 on the 4-hour chart. EUR/USD declined further below 1.1500 and tested 1.1475. The Read more…
Japan’s real wages declined for a ninth consecutive month in September as inflation-adjusted earnings fell -1.4% yoy, following a revised -1.7% drop in August, extending a contraction streak that began in January. Nominal wages rose Read more…
RBNZ Governor Christian Hawkesby said the recent deterioration in the country’s labour market was within expectations. Speaking before a parliamentary committee, Hawkesby noted that the rise in unemployment to its highest level since 2016 reflects Read more…
BoC Tiff Macklem told lawmakers overnight that the central bank’s recent policy easing reflects both cyclical weakness and deeper structural challenges facing the Canadian economy. Macklem reiterated that last week’s 25bps rate cut to 2.25% Read more…
Airline cancellations can cause very substantial disruptions for travelers. Many people expect to be able to fly on their preferred airline. If that airline stops offering flights, they may not have the same options for Read more…
The US government shutdown officially became the longest in history today — 36 days and counting — yet markets found some relief in stronger-than-expected private data amid the lack of public releases. The ISM Services Read more…
Palantir Technologies (PLTR) has been one of the biggest winners of the AI rally. It surged 340% in 2024 and is up nearly 150% year to date. But with its sky-high valuation, investors are questioning Read more…
At the start of November, the World’s 50 Best ranking authority published its annual list of the most luxurious hotels around the world. The Rosewood Hong Kong, a shining jewel and flagship property of the Read more…
The U.S. auto industry has had a year unlike any other in recent history. On the one hand, 25% auto tariffs, which have since been renegotiated to a lower rate, have placed a burden worth Read more…